New Fund Offerings of FMP and Gold
Hopefully, you would have read about the benefits of FMP and advantage of investing in gold in the form of ETF.
I just thought that it is best to share some of the offerings that are currently available in the market as of now so that you can take the advanatage of investing in them should these instruments of FMP and Gold ETF interest you.
Kotak Gold ETF
It will take exposure to Gold and endeavour to track the spot prices of Gold. It enables investors to take exposure to Gold market without taking the physical delivery of Gold and enabling liquidity of by listing on NSE.
Dates of NFO - June 20th- July 4th,2007
Unit denomination - 1 unit equivalent to approx 1 gm. of Gold
Listing on NSE and/or BSE
Minimum Investment Amount - INR 5,000/-
Fixed Maturity Plans
1. HDFC FMP 36M June 2007
Dates of NFO - June 4th-July 5th,2007
Tenure - 36 months
Nett Indicative Yield
Retail 9.50% p.a
Wholesale 10.00% p.a
2. ICICI Pru FMP Series 36 - Plan B
Dates of NFO - June 11th - July 10th,2007
Tenure - 18 months
Nett Indicative Yield - 9.90 -10.00 % p.a
3. Birla Fixed Term Plan - Series X
Dates of NFO - June 29th - July 3rd,2007
Tenure - 370 days
Nett Indicative Yield
Retail 9.05% p.a
Institutional 9.45% p.a
So get in touch with your investment advisor or broker or contact the companies directly and you can benefit from these schemes. There is not much time left. I will try and inform you folks much earlier so that you can plan for an investment.
1 comment:
GOLD EFT have traditionally been charging 1.5 to 2.5% as an entry load. In my opinion this would be a waste of money. After this is open to public investment, it would be a cheaper way to buy these in the stock market and pay lesser entry load.
Though currently the market is being hit with speculations about crude increase. Thus it might make sense to buy the traded Benchmark Gold EFT and the UTI Gold EFT in the stockmarkets now... might be better than waiting for Kotak's listing
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